E-Commerce

The PCI Security Standards Council named Lance J. Johnson to the executive director position. Johnson, who had been chief operating officer at Sequent Software Inc. for the past five years and spent 20 years at Visa Inc., replaces Stephen W. Orfei, the general manager who left earlier this year after …

The consolidation trend sweeping through the merchant-acquiring business made headlines again Monday morning with the news that Total System Services Inc. has agreed to buy Boston-based acquirer and technology provider Cayan LLC for approximately $1.05 billion in cash. The deal, which TSYS says it expects to close in the first …

E-commerce platform Magento Inc. announced Instant Purchase, its new one-click payment feature that is now standard on its Magento Commerce system. For merchants, Instant Purchase offers a customizable button, a mobile-optimized process that Campbell, Calif.-based Magento says can reduce time-to-purchase by 90%, automatic shipping to the shopper’s default address, and …

Santa Claus might be relaxing on Dec. 25, but criminals targeting online merchants with stolen credit and debit cards won’t be taking the day off. That’s evident from Stripe Inc.’s latest report on online fraud trends and behavior. Released this week, the report, which examines an undisclosed number of transactions made …

The seemingly unending growth in online shopping is doing more than closing physical stores. The point of sale in the stores that remain is changing, and along with it, payments providers, says Javelin Strategy & Research in its “2017-2021 Retail Point of Sale Payment Forecast.” As consumers continue to increase …

Credit and debit card fraud at the point of sale is declining precipitously two years after the payment card networks’ EMV chip card liability shifts took effect, but identity, online, and so-called fallback fraud all have risen, according to an analysis of card issuers’ experiences from Auriemma Consulting Group. New …

Holiday gifts and everyday products may garner much of the attention when it comes to mobile-commerce transactions, but a tire retailer is finding success with the technology, too. SimpleTire, a Trevose, Pa.-based online seller, found that consumers were in the mood to buy tires online on Cyber Monday. SimpleTire says …

Amazon.com Inc. is recruiting outside software developers and merchants to create functions that work with its Alexa voice-command system and the Amazon Pay service so that consumers can make purchases using their Amazon payment credentials at both physical and online merchants. Seattle-based Amazon made the announcement at its big Amazon …

The underground market for personally identifiable information is flourishing, with criminals paying as little as 20 cents to as much as $15 for verified credentials across the dark market. That’s the latest from RSA Security LLC, a data-security company. The Bedford, Mass.-based firm released the 2018 Cybercriminal Shopping List Tuesday, …

The consumer shift to online shopping on Thanksgiving and the following Friday, known as Black Friday, continues to increase, now accounting for 29% of shopping on these two days compared with 25% a year ago, finds research from First Data Corp. Based on data from transactions at 1.1 million brick-and-mortar …